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Post CPI, Hot CPI Spurs Heavy Selling, Rate Hike Ests Up

US TSY FUTURES

Rates extend lows after May CPI came out higher than est at 1.0% vs. 0.7% est, unrounded 0.974%, core 0.631%. Curves extend flattening but bouncing a little: 2s10s hit 14.808 low, now 16.979 -5.665. 30YY climbs to 3.1884% high.
Equities not liking the higher than expected inflation metri, ESM2 -54.25 at 3962.50.

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